Director, Transformation & Regulatory Modernization at Financial Services Regulatory Authority (FSRA) | CA | Rezi

Director, Transformation & Regulatory Modernization at Financial Services Regulatory Authority (FSRA)

Director, Transformation & Regulatory Modernization

Financial Services Regulatory Authority (FSRA) · CA

1 weeks ago

Director, Transformation & Regulatory Modernization

Financial Services Regulatory Authority (FSRA) · CA

8 days ago
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About the Role

FSRA is seeking a strategic leader to provide business ownership and program direction for the Property & Casualty Auto Transformation Program. This multi-year initiative aims to modernize auto insurance regulation by implementing a new supervisory technology platform and future-state operating model, ultimately strengthening regulatory effectiveness and improving consumer outcomes.

Responsibilities

  • Lead the delivery of FSRA's Auto Transformation Program, ensuring successful implementation of the new supervisory technology platform, associated business processes, and future-state operating model.
  • Establish and maintain program governance, executive reporting, performance measures, and oversight mechanisms.
  • Manage program scope, budget, timelines, risks, dependencies, and resource requirements.
  • Lead implementation planning, readiness assessments, operational transition activities, and post-implementation stabilization.
  • Provide strategic advice and recommendations to senior leadership on program direction, delivery risks, and transformation opportunities.
  • Lead the design of the future-state supervisory operating model supporting risk-based regulation and insurer accreditation.
  • Work across supervision, actuarial, policy, legal, operations, and technology teams to redesign business processes and improve regulatory effectiveness.
  • Ensure the transformation supports enhanced supervisory capabilities, proactive oversight, market intelligence, and consumer outcome monitoring.
  • Drive process simplification, automation, standardization, and continuous improvement across regulatory operations.
  • Partner with Information Technology, vendors, and system integrators to ensure business requirements are effectively translated into technology solutions.
  • Champion the use of automation, artificial intelligence, workflow technologies, and advanced analytics to improve supervisory effectiveness and efficiency.
  • Guide development of capabilities including risk-based filing triage and decisioning, regulatory workflow and case management, supervisory analytics and market intelligence, AI-assisted supervision, digital insurer experience and self-service functionality and enterprise reporting and regulatory intelligence capabilities.
  • Serve as the primary business lead for stakeholder engagement related to the transformation program.
  • Build and maintain strong relationships with insurers, industry associations, technology partners, and other stakeholders.
  • Lead organizational change management, communications, training, and adoption activities.
  • Represent FSRA at industry forums, conferences, working groups, and stakeholder engagements.
  • Monitor achievement of expected outcomes, including reduced filing review cycle times, increased supervisory capacity, improved stakeholder experience, enhanced regulatory intelligence, greater operational efficiency and improved market oversight capabilities.
  • Establish and maintain a comprehensive governance and performance management framework, including KPI tracking, outcome measurement, benefits realization, and executive reporting.
  • Lead and develop a team responsible for transformation delivery, business modernization, and strategic initiatives.
  • Foster collaboration across supervision, actuarial, policy, legal, operations, data, and technology teams.
  • Contribute to the ongoing evolution of FSRA's Auto Insurance Supervisory Model and broader regulatory modernization efforts.
  • Champion innovation, accountability, continuous improvement, and evidence-based decision-making.

Requirements

  • University degree in business, public administration, technology, finance, insurance, economics, engineering, or a related field or an equivalent combination or education and experience.
  • 10+ years of progressive leadership experience within the property and casualty insurance sector, financial services, regulatory environment, or a similarly complex operating environment.
  • Demonstrated experience leading major business and technology transformation initiatives.
  • Experience leading complex organizational change and business transformation initiatives impacting both internal and external stakeholders.
  • Experience leveraging technology, analytics, automation, and artificial intelligence to improve business outcomes.
  • Executive-level experience serving as a senior business lead, program owner, or transformation sponsor for complex, enterprise-scale technology implementations.
  • Proven ability to engage effectively with executive leadership, external vendors, industry stakeholders, and governance bodies.
  • Advanced understanding of the property and casualty insurance sector, including regulatory environments, market dynamics, emerging risks, and industry trends.
  • Deep knowledge of digital transformation, operating model design, business process modernization, technology-enabled service delivery, and implementation best practices.
  • Strong understanding of supervisory frameworks, risk-based regulation, governance models, accountability structures, and performance measurement disciplines.
  • Exceptional strategic judgement, enterprise program leadership, decision-making, and stakeholder relationship management capabilities.
  • Highly effective communication, executive briefing, negotiation, and influencing skills.
  • Ability to synthesize complex business, regulatory, operational, and technology issues into clear recommendations, practical implementation strategies, and measurable outcomes.
  • Demonstrated record of successfully leading large-scale transformation and change initiatives, while building engaged, accountable, and high-performing teams.

Skills

  • Automation
  • Artificial intelligence
  • Workflow technologies
  • Advanced analytics
  • Risk-based filing triage and decisioning
  • Regulatory workflow and case management
  • Supervisory analytics and market intelligence
  • AI-assisted supervision
  • Digital insurer experience and self-service functionality
  • Enterprise reporting and regulatory intelligence
  • Digital transformation
  • Operating model design
  • Business process modernization
  • Technology-enabled service delivery
  • Implementation best practices
  • Supervisory frameworks
  • Risk-based regulation
  • Governance models
  • Accountability structures
  • Performance measurement
  • Strategic judgement
  • Enterprise program leadership
  • Decision-making
  • Stakeholder relationship management
  • Communication
  • Executive briefing
  • Negotiation
  • Influencing skills

Location

  • Onsite

Work Type

  • Full-time
  • Regular

Experience Level

  • 10+ years of progressive leadership experience
  • Executive-level experience

Education Level

  • University degree in business, public administration, technology, finance, insurance, economics, engineering, or a related field or an equivalent combination or education and experience
  • Master's degree, project management designation, or relevant professional designation considered an asset

Salary/Compensations

  • $149,000-$199,000

Benefits

  • Employer-matched defined benefit pension plan
  • Comprehensive and competitive benefits plan
  • Learning and development opportunities
  • Wellbeing support
  • Diversity, equity, inclusion and belonging initiatives
  • Community giving programs

About the Company

  • FSRA's vision is to ensure financial safety, fairness, and choice for Ontarians.
  • As a financial services regulator, FSRA is passionate about protecting consumers.
  • FSRA's principles-based approach allows for quick and effective response to the changing needs of consumers and the industry.
  • The team combines industry expertise with a commitment to public service.
  • FSRA attracts individuals interested in meaningful work who measure success through outcomes, not inputs.
  • FSRA invests in the personal and professional growth of its team.

Equal Opportunity

  • FSRA is committed to ensuring equity in employment.
  • Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals.
  • Accommodation is available under the Ontario Human Rights Code.